Joshua Vanderzanden
Multi-unit or Commercial Rental first
I hear find yourself the niche that you want to be in. Well apartments are where I want to be I like the fact you have one mortgage and tax payment on multiple doors. Except I have no experience in investing. Should I...
Trevor Martin
Partnering on Multifamily Property - Need Advice
I'm looking into purchasing my first multifamily property with my real estate investing mentor (50:50 split ownership). It's a 12 unit building that will require a down payment of ~$90,000. My mentor (potential partne...
Jack Plantin
Too risky to convert and rent out illegal basement unit?
I'm in the middle of an deal for a legal two-flat in Chicago with FHA financing, but the numbers only work if I convert the basement into a livable space. FHA loan + expenses is $3000, Rental income with 2 units is $3...
Shirley Dufrenne
This may be my first deal...Please Help.
Hi all, I sent off my first set of letters on Sunday which was only about 68 letters. My phone started ringing on Tuesday. I was sooo excited because I'm really following my dream and things are starting to happen. I'...
Arthur Banks
Realtor bringing comps of rehabs, not comps of ARV
Being fairly new in this, I thought I'd ask this question here before I "fire" my realtor :) I have a buddy that's been a realtor for more than 5 yrs (I'm guessing it's at least that). I don't believe he's worked wi...
Rik Hunter
Mid-term rental start-up costs
We're converting a long-term rental to a mid-term rental. It's our first go at this, and I'm being conservative with my numbers, like expecting as much as 3 months vacancy and including that in the cashflow calculatio...
Juliana Cortes
OMG IM BEING SUED!!
I went under contract with my seller. He hasnt paid the mortgage in a few years. His statements show he owes 262k so we go under contract at 268k since all lis pendens were dismissed without prejudice. I find a buyer ...
Isabella Mendes
can someone please help me out! very desperate - irresponsible person
Hi,I have $400k that my husband left me after the divorce. I never worked my whole life and I'm not finding jobs...seem to be procrastinating. Im also very irresponsible with money. I need to do something with this mo...
Ryan Williams
Pay off Primary or Buy Rentals?
Hello, I've been tossing this idea around and doing the math and would love the communities thoughts - Theoretically, let's say your annual income would allow you to save $100K a year. Would it be better to pay off yo...
Wences Lopez
100% Passive income
Hello everyone, so one of my partners has around 250k in cash & wants to invest but wants his return to be as passive as possible. He doesn’t want to deal with tenants or maintenance. What’s one way to get a good ...